2 April 2020
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The Royal Bank of Scotland Group plc
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INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY (PDMRs) in accordance with Article 19 of the EU Market Abuse Regulation 596/2014
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The Royal Bank of Scotland Group plc (the Company) was notified on 31 March 2020 that the trustee of the Company's Buy As You Earn Share Plan (the Plan) purchased ordinary shares of �1 each in the Company (Shares) (ISIN: GB00B7T77214) on 30 March 2020 on behalf of the PDMRs named below who are participants in the Plan.�
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| PDMR � | Position of PDMR | No. of Shares purchased � | Purchase price |
| Robert Begbie | Chief Executive Officer, NatWest Markets Plc | 1* | �1.184 |
| Katie Murray | Chief Financial Officer, The Royal Bank of Scotland Group plc | 127 | �1.184 |
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* The trustee purchased a single share for Robert Begbie from the surplus monies it was holding on his behalf following his last share purchase under the Plan.
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The transaction took place on the London Stock Exchange (XLON).
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Legal Entity Identifier: 2138005O9XJIJN4JPN90
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For further information contact:-
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RBSG Investor Relations
Alexander Holcroft
Head of Investor Relations
+44 20 7672 1758
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RBSG Media Relations �
+44(0)131 523 4205
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